357C.13 Determination of fee.
1. The owner of any property joining an established benefited street lighting district shall pay to the board of trustees of the district an initial fee to be computed as follows:
a. The board of trustees shall first determine fair market value of all property and improvements owned by the benefited street lighting district, less any indebtedness.
b. The board shall then determine the assessed value of all property in said district. This shall be divided into the value determined in paragraph “a”.
c. The board shall determine the assessed value of the property of each landowner joining the established district.
d. The result obtained in paragraph “b” shall be multiplied by the result obtained in paragraph “c”. The result shall be the initial fee to be charged each landowner.
2. The initial fees paid to the district trustees shall be used to help defray the cost and maintenance of the district’s street lighting service.
[C71, 73, 75, 77, 79, 81, §357C.13]
2010 Acts, ch 1061, §144
Structure Iowa Code
Chapter 357C - STREET LIGHTING DISTRICTS
Section 357C.1A - Petition for public hearing.
Section 357C.2 - Limitation on area.
Section 357C.3 - Time of hearing — notice.
Section 357C.4 - Action by board.
Section 357C.6 - Hearing on engineer’s report.
Section 357C.7 - Election on proposed levy and candidates for trustees.
Section 357C.8 - Trustees — term and qualification.
Section 357C.9 - Trustees’ powers.
Section 357C.10 - Bonds in anticipation of revenue.
Section 357C.11 - Dissolution of district.